Manmohan shetty is an indian entrepreneur who founded and developed adlabs films ltd, one of indias largest media and entertainment firms. Lenders led by the union bank of india have invited expression of interest eoi to recover more than rs1,200 crore by selling the company properties. According to shetty, six flags is more of rides and thrills while. How manmohan shettys fascination with theme parks led to adlabs.
Its disney world meets the hindu pantheon with a splash of bollywood at indias first theme park, adlabs imagica. He is responsible for companys business operations. The terms amusement parks and theme parks are more often than not used interchangeably, upsetting purists like shetty. The park has around 500 employees and can accommodate as many as 20,000 visitors. Imagica s journey began four years ago when shetty who had sold. Imagicaas mission is to always deliver best in class entertainment for. Meet the first families of the growing theme and amusement. It was poojas father manmohan shetty s vision to give india a world class destination for a good quality entertainment experience at an affordable price. Imagicaas share the joy initiative makes it to the limca book of records. An inside look into the yettoopen adlabs imagica, the countrys biggest theme park. After stints in film production and exhibition, manmohan shetty starts an entertainment theme park.
Imagica is a global standard theme park modelled on some of the best. Imagicas journey began four years ago after shetty sold adlabs image. Imagicaa a onestop entertainment destination with a theme park, water park, snow park and a family hotel and is spread over an aggregate area of 8 acres. Manmohan shetty, cmd, adlabs entertainment has more than three decades of experience in the media and entertainment business. Hes betting big on imagica, the theme park hes created on the mumbaipune expressway. Imagica is affordable theme park of international quality. Manmohan shetty dreams of spreading adlabs imagica across every state. Adlabs imagica is a theme park built at a cost of 1600cr inr, on a 300acre site, between mumbai and pune on the mumbaipune expressway.
Adlabs entertainmentowned adlabs imagica, a large format theme park, is looking to monetise on its characterbased merchandise, besides expanding its presence in south and north india. Manmohan shetty centre with daughters pooja shetty left and aarti shetty in front of the adlabs imagica theme park. Shetty started another entertainment project under the name of adlabs imagica. About imagicaaworld entertainment imagicaa company. Manmohan shetty news newspapers books scholar jstor june. Stockopedia rates imagicaaworld entertainment as a highly speculative turnaround 1 brokers rate it as a hold.
After his ventures in movie production, distribution, multiplexes, a little less than 2 yrs ago, cmd manmohan shetty set up adlabs imagica. Our company family holiday destination with theme park. Manmohan shetty starts an entertainment theme park. Imagicaa s share the joy initiative makes it to the limca book of records. Imagica, which took about 4 years to conceptualize and launch, is the first and only theme park of an international. Imagica to monetise characterbased merchandise the. Adlabs entertainments imagica theme park, hotel under hammer. Adlabs imagica theme park opens near mumbai daily mail.
Joint ceo dhimant bakshi shared the story with kath hudson. And thats just fine with media magnate manmohan shetty, founder of adlabs imagica, the operator of indias first theme park. Manmohan shetty dreams of spreading imagicaa across every. Theme parks are distinct in their offerings which are structured around a particular theme or a story. Adlabs imagica is the flagship venture of adlabs entertainment limited ael promoted by manmohan shetty and is poised to be indias first theme park destination, offering entertainment, fun.
Imagicaa is owned and operated by imagicaaworld entertainment limited ael and promoted by mr. View live imagicaaworld entertainment li chart to track its stocks price action. Debtridden adlabs entertainment ltd, promoted by bollywood producer, director manmohan shetty, is apparently under the hammer of creditors. Manmohan shetty, chairman, adlabs entertainment limited inaugurates his newest venture adlabs imagica, indias first entertainment theme park on monday april 15, 20. Were a theme park, says manmohan shetty, chairman, adlabs imagica. Mumbai, 19 january 20if the first installation of imagicaa turns into a success, manmohan shetty would like spread the theme park across every state through franchisees site is under maintainance. Sustaining it should see shetty pull out all the marketing tricks in his book. Manmohan shettys third innings an entertainment theme park.
Adlabs imagica to monetise its characters business news. After bringing multiplex cinemas and imax to india, film industry entrepreneur manmohan shetty broke ground in the theme park industry in 20 launching imagicaaa. Manmohan shetty s theme park goes from strength to strength imagica has witnessed a footfall of over five million since it opened its doors in 20. When manmohan shetty, chairman of adlabs entertainment, launched his dream project, adlabs imagica, an indianised theme park just off the expressway that. Manmohan shetty is the man behind adlabs, imax, the indie film movement. Due to current covid19 situation, we are working with limited staff. Find market predictions, imagicaa financials and market news. Know more about imagicaaworld entertainment imagicaa, latest news, financial news, breaking news headlines and more from business standard news.
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